Atlanta is the 5th Most Affordable U.S. City for Technology Professionals, According to the ``techies.com Affordability Index''.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--Sept. 27, 2000 Texas, Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. and Twin Cities lead the pack, while Silicon Valley and NYC NYC abbr. New York City NYC New York City rank last in data that factors tech salaries against Cost of Living Index Atlanta is the 5th most affordable city for technology professionals, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. techies.com, Inc., research. And, while technology professionals living in the Bay Area and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. lead the nation in salaries, technologists in Atlanta have as much as twice the discretionary income Discretionary Income The amount of an individual's income available for spending after the essentials have been taken care of. Notes: Essentials are things like food, clothing, and shelter. . techies.com, a national network of online career resources for more than 585,000 technology professionals, releases its "techies.com Affordability Index" which factors tech salaries against the Cost of Living Index (COLI COLI Corporate-Owned Life Insurance COLI Cost of Living Index COLI Chemometrics On-line Initiative ), in an effort to measure the value of technology salaries in real dollars in 26 technology markets. The 10 most affordable markets, along with their index values, are:
1. Austin 105.6
2. Dallas 105.5
3. Houston 105.3
4. Twin Cities 100.1
5. Atlanta 99.7
6. Seattle 98
7. Denver 97.3
8. Raleigh-Durham 97.2
9. Columbus 95.5
10. Cincinnati 93.2
The five least affordable markets are:
1. New York City 49.5
2. Bay Area 72
3. San Diego 77
4. Boston 79
5. Los Angeles 82
(The complete index is at the conclusion of this document.)
techies.com created its Affordability Index by dividing its members' salary data by the 1999 composite federal COLI. The Affordability Index only factors annual salary, and does not account for stock options, perks perk 1 v. perked, perk·ing, perks v.intr. 1. To stick up or jut out: dogs' ears that perk. 2. To carry oneself in a lively and jaunty manner. and benefits, or quality of life aspects hiring managers offer and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. communities provide. According to Doug DOUG Dumb Old Utility Guy Berg, techies.com's founder and chief techie A technical person. See hacker and programmer. , Silicon Valley and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City--along with other coastal tech markets--are far and away the best paying cities, with Bay Area professionals earning 16% more than the national average in tech pay. But, the techies.com data reveals that housing expenses and other Cost of Living factors have outstripped earnings in these markets, leaving Atlanta among the most ideal for professionals seeking good pay and affordable living. "I don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. think the fact that these coastal tech markets rank last in our Index will cause a mass tech-exodus from the Bay or Manhattan Manhattan, indigenous people of North America Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). ; their reputation alone as tech hubs with cutting edge opportunities and bleeding edge A pun on "leading edge." It implies that using the latest technology is often risky because it has not been tested with enough users and may not perform as expected. Introducing an advanced product or service is also risky because the user community may not be ready for it or really want technology make them extremely attractive," Berg continued. "But people realize it's very expensive to live in these markets, and your discretionary income does not go as far. We developed this Index to put some skin on just how wide the affordability gap is. "We know that technology professionals are the nation's most in-demand professional workforce, and we know they have an annual salary about 85 percent higher than the national average," Berg said. "A techie can almost pick and choose where he or she wants to work and has plenty of leverage in negotiating salary; we hope this Index can help them with this process. For technology hiring managers, particularly those in Atlanta, we see this Index as a tool to be more competitive as they attempt to acquire and retain techies."
The techies.com Affordability Index
1. Austin 105.6
2. Dallas 105.5
3. Houston 105.3
4. Twin Cities 100.1
5. Atlanta 99.7
6. Seattle 98
7. Denver 97.3
8. Raleigh-Durham 97.2
9. Columbus 95.5
10. Cincinnati 93.2
11. Phoenix 93.1
12. Portland 92
13. Detroit 91.9
14. Chicago 91
15. Kansas City 87.5
16. Miami 87
17. Philadelphia 85.4
18. Salt Lake City 85.1
19. Sacramento 85.1
20. Pittsburgh 84.8
21. Washington, DC 84
22. Los Angeles 82
23. Boston 79
24. San Diego 77
25. Bay Area 72
26. New York City 49.5
About techies.com techies.com is an exchange for technology professionals, and for businesses that want to recruit, market to, and interact with these professionals, and was recently ranked as the No. 1 technology career Web site by PCWEEK. The company allows technology professionals who become its members to maximize their career options, develop productive relationships with potential employers, and obtain relevant content on technology-related issues. techies.com also offers large and small companies the ability to plan for, acquire, and retain technology professionals. The company currently generates most of its revenues from the sale of technology workforce solutions to more than 1,750 client companies. techies.com is also a co-founder of TechiesDay, a nationwide initiative to address our nation's increasing demand for a qualified technology workforce. For more information about TechiesDay, go to www.techiesday.org. |
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